POS Machine Cost or Payment Gateway: What should Businesses focus On?




When choosing a POS system, there so many factors you must put into consideration. These include


POS machine cost

Payment Gateway


So which one should businesses focus on more? Or rather, which one is more relevant?

To answer this question correctly, you need to understand both options and their impact on your business.


Payment Gateway


With so many options available in the market, you want to find the best payment gateway that can


  • Process, authorize and accept or decline transactions

  • Accept multiple payment methods, including mobile, credit, and debit card (both physical and online)

  • Secure and can prevent fraud

  • Enhance online security

  • Fast and easy to use

  • Easy to integrate with the rest of the systems in your business and so much more

  • Affordable


POS Machine Cost

When it comes to business, the cost is always a critical factor worth consideration because it directly impacts the profit. To maximize profit, one has to find a way to minimize the cost of running a business and maximize the revenues.


Several things affect POS machine cost,


  • Purchasing hardware such as card reader, printer, barcode scanner, etc

  • Software cost

  • The fees involved such as processing fees, user accounts, add-on features, etc.



Comparing the Two


Both the POS machine cost and the best payment gateway are relevant to your business.


The POS machine cost will affect your expenses and your profits. The lower it is, the better. Feasibility is the key here. Remember, payment gateway is also part of these affecting POS machine price.


There are so many things that can go right with the best payment gateway and equally as many that can go wrong if you are not careful.


Think about the fraudulent activities that a gateway prevents. How much would that cost your business? That alone is enough to tell you that you need to focus more on the payment gateway

. But try to find the right balance between the two.

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